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  1. Do your business clients have an exit plan in place?

    Last weekend, viewers all over the world sat on the edge of their couch waiting to see which of the four Roy children in HBO’s dramedy Succession would inherit their father’s media conglomerate. While made with dramatic effect, this scenario can play...

    • Type: Article
    • Author: Jeremy Jones, Pitcher Partners
    • Category: Business
  2. Do you want to be a rusted adviser?

    be taken otherwise we truly will see a “race to the bottom”, see our relevance to the business community diminish and, the last remaining few practitioners that do remain will be seen as “rusted advisers”.

  3. Dmca advisory acquires Willoughbys Financial as founders plan for retirement

    its leadership team with Alison Stanbridge, Ricardo Neves and Mark Gellert stepping up to associate director roles in July last year, and it will offer an employee share scheme. Ms Tonkin said the team would increase further this year but the firm is...

  4. Dixon Advisory clients told to act quickly on claims

    complaint with the AFCA as soon as possible to be eligible for compensation under a potential future Compensation Scheme of Last Resort scheme, ASIC said. ASIC said it would write to clients informing them of the chance to claim after banning Dixon...

  5. Division 7A loans a looming crisis, accountants warned

    Munro. Speaking in a ChangeGPS webinar this week, Mr Munro said with the Div7A interest rate increasing from 4.77 per cent last financial year up to 8.27 per cent from 1 July 2023, this has a significant impact on some clients. “For many years we’ve had...

  6. Division 7A advice for clients ‘currently next to impossible’

    its position on the proposed changes to Division 7A ahead of the looming 1 July 2020 start date. In the federal budget last year, the government announced that the start date for amendments to Division 7A would be deferred to 1 July 2020, accepting that...

  7. Diversified services tipped to drive most revenue growth in 2019

    their clients,” he added. “Not to do so – means there is a huge opportunity cost for both the client and the practice. The last thing any accountant wants is to lose a client because they not delivering the right services.” Likewise, Bstar chief...

  8. Diversification risks to remain firmly on ATO’s radar, says SMSF expert

    to see further letters sent out at some point by the ATO to trustees in regard to this particular issue,” Mr Dunn said. Last year, the ATO contacted 17,700 SMSF trustees and their auditors who had more than 90 per cent of their assets in a single asset...

  9. Div 7A approach to be ‘fair and sensible’, says Assistant Treasurer

    Treasurer Stuart Robert acknowledged concerns from the profession surrounding Treasury’s consultation paper released last year, noting that his position was “not in line” with Treasury’s view. “In terms of Div 7A, I’ve finalised my view on it and...

  10. Ditch ‘error-prone’, insecure invoicing methods, says ASBFEO

    $92 million in reported losses in 2023. “Scamwatch data shows small businesses lost millions of dollars in such scams last year. Using e-invoicing can reduce this risk,” he said. Making the switch to electronic invoicing would allow businesses to...

  11. Disruption fear 'over-used' in accounting, says mid-tier

    with clients. Speaking to Accountants Daily after winning Firm of the Year at the 2017 Australian Accounting Awards last month, Pitcher Partners Sydney managing partner Rob Southwell said that firms mustn’t get preoccupied with technology. Mr Southwell...

  12. Disqualified agents to be ‘weeded out’ if law passes

    entity” would be an individual or corporation that was neither a registered tax agent or BAS agent that within the last five years had been convicted of a serious taxation offence, a serious offence, an offence involving fraud or dishonesty, or been...

  13. Discretionary spending by households dips in latest data

    ABS head of business statistics Robert Ewing said growth in household spending has risen from its low point in December last year. “The 3.6 per cent rise in spending follows increases of 1.2 per cent in December, and 2.9 per cent in January,” said...

  14. Discover why over 200 Australian Accountants & Bookkeepers registered to see this brand new App

    Promoted by Last week Accountants Daily and Digital First revealed a webinar – only offered to readers – by MyFirmsApp. It was our way of introducing a powerful App service to the Australian accountancy market. We expected a handful of pioneering...

    • Type: Article
    • Author: Content Partner
    • Category: Regulation
  15. Disclose contractor payments by 28 August, ATO warns

    The ATO is warning businesses that they have until 28 August to complete a taxable payment annual report (TPAR) for last year as it cracks down on the shadow economy. Around $350 billion in payments made to 950,000 contractors were reported last year...

  16. Disallowance motion on code changes voted down in Senate

    on tax professionals to help with their financial affairs". Senator Dean Smith filed a motion to block the new obligations last month following concerns raised by professional bodies and the wider tax community. The government has committed to...

  17. Disability services provider forced to back-pay over $3m

    the healthcare and disability services industries face acute staff shortages and suggestions, including at the jobs summit last week, that low pay was a key disincentive for workers. CLRS was found to have underpaid employees’ minimum wages between 2015...

  18. Directors on the hook for cyber security, ASIC warns

    including within supply chains. Speaking at the Australian Financial Review Cyber Summit yesterday, Mr Longo said last year’s attacks against Optus and Medibank were a wake-up call but surveys showed most businesses lacked confidence in their...

  19. Director identification numbers back on the table

    The government has reintroduced a bill that will see the implementation of director identification numbers. Last week, the Treasury Laws Amendment (Registries Modernisation and Other Measures) Bill 2019 was introduced, after the previous iteration of...

  20. Director GST liability inches forward with Senate committee approval

    Laws Amendment (Combating Illegal Phoenixing) Bill 2019 be passed, after the Senate referred the bill to the committee last month. The bill seeks to implement four measures to combat illegal phoenix activity, including new offences to prohibit...